-

KBRA Releases Research – Data Centers: Intersection With Project Finance

NEW YORK--(BUSINESS WIRE)--KBRA releases a report on the emergence of data centers in project finance. Demand for these facilities continues surging due to climbing traffic volumes through the global data center ecosystem, artificial intelligence (AI), 5G applications, and the Internet of Things, as well as a shift in corporate IT activity from on-site facilities to off-site. This has created demand for financing, and some constituents have turned to project finance structures to meet their needs—much of which has been through bank loans, which are expected to be refinanced with private placement debt. KBRA is increasingly receiving inquiries about such transactions, so this research report aims to shed further light on the intersection of data centers and project finance from a credit perspective.

Click here to view the report.

Related Publications

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1004182

Contacts

Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance
+1 646-731-2372
andrew.giudici@kbra.com

Garret Tynan, Managing Director, European Head Project Finance and Infrastructure
+353 1 588 1235
garret.tynan@kbra.com

William Cox, SMD, Global Head of Corporate, Financial and Government Ratings
+1 646-731-2472
william.cox@kbra.com

Business Development

Rosemary Kelley, Senior Managing Director, Head of Structured Finance and Project Finance
+1 646-731-2337
rosemary.kelley@kbra.com

Kroll Bond Rating Agency, LLC

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI

Release Versions

Contacts

Andrew Giudici, Global Head of Corporate, Project, and Infrastructure Finance
+1 646-731-2372
andrew.giudici@kbra.com

Garret Tynan, Managing Director, European Head Project Finance and Infrastructure
+353 1 588 1235
garret.tynan@kbra.com

William Cox, SMD, Global Head of Corporate, Financial and Government Ratings
+1 646-731-2472
william.cox@kbra.com

Business Development

Rosemary Kelley, Senior Managing Director, Head of Structured Finance and Project Finance
+1 646-731-2337
rosemary.kelley@kbra.com

Social Media Profiles
More News From Kroll Bond Rating Agency, LLC

KBRA Assigns Preliminary Ratings to AHMC 2026-CNF2 Trust

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 72 classes of mortgage-backed notes from AHMC 2026-CNF2 Trust. The transaction is sponsored and serviced by AmeriHome Mortgage Company, LLC (AmeriHome) and is comprised of 741 residential mortgage loans with an aggregate unpaid principal balance (UPB) of approximately $391.4 million as of the October 1, 2026 cut-off date. The underlying collateral consists primarily of 30-year fixed-rate qualified mortgages (FRMs). KBRA’s rating app...

KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2026-13 (SEMT 2026-13)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 106 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-13 (SEMT 2026-13), a $622.4 million prime RMBS transaction. The pool is comprised of 548 first-lien, fully amortizing fixed rate mortgages with mostly 30-year maturity terms. The collateral is characterized by a weighted average (WA) original credit score of 772 and moderate borrower equity, with a WA original LTV and WA original CLTV of 66.3% and 66....

KBRA Assigns Ratings to Commonwealth of Massachusetts Dedicated Transportation Revenue Bonds, 2026 Series A (AAA) and Federal Highway Grant Anticipation Notes, 2026 Series A (AAA)

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the Commonwealth of Massachusetts Dedicated Transportation Revenue Bonds, 2026 Series A. KBRA additionally assigns a long-term rating of AAA to the Commonwealth's Federal Highway Grant Anticipation Notes, 2026 Series A. The rating Outlook for each obligation is Stable. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives Pledged Commonwealth revenues are broad,...
Back to Newsroom